Public_Construction_Bond_(25).doc
DOC document 29 KB Posted
- Solicitation number
- 26-03
- Issued by
- Walton County, Florida
About this file
The document is a Public Construction Bond for the Board of County Commissioners of Walton County, Florida, related to a roadway extension project for Nellie Drive. The project involves extending Nellie Drive approximately one mile from Chat Holley Road to US Highway 98, located adjacent to 2038 US Highway 98 in Walton County. The contract duration is set at 365 days for substantial completion, with an additional 30 days allocated for punch list completion. The project is situated within Sections 25 and 26, Township 2S, Range 20.
The bond document outlines the financial and performance guarantees for the construction project, including provisions for payment to claimants, protection of the county's interests, and performance guarantees. While specific pricing details are not explicitly stated in the bond document, the bond serves as a financial instrument to ensure the principal's compliance with contract requirements, including timely completion, payment to suppliers, and quality of work. The bond provides legal protection for Walton County, with venue for any potential litigation specified as Walton County, Florida, and follows the statutory requirements outlined in Section 255.05 of the Florida Statutes.
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Text version
SEQ CHAPTER \h \r 1PUBLIC CONSTRUCTION BOND
BOARD OF COUNTY COMMISSIONERS,
WALTON COUNTY, FLORIDA
BY THIS BOND, We _________________________________________________, as Principal and ___________________________________________, a corporation, as Surety, whose address is , , Florida , are bound to Walton County, Florida, a political subdivision of the State of Florida, hereinafter referred to as "COUNTY", in the sum of ______________________________ DOLLARS ($________________), for the payment of which, we bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and severally.
THE CONDITION OF THIS BOND is that the Principal:
1.
Performs the Contract dated ________________, 2025, between Principal and County for the construction of:
the Contract being made a part of this bond by reference, at the times and in the manner prescribed in the Contract, and
2.
Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida Statutes, supplying Principal with labor, materials, or supplies, used directly or indirectly by Principal in the prosecution of the work provided for in the Contract; and
3.
Pays County all losses, damages, expenses, costs, and attorney's fees, including appellate proceedings, that County sustains because of a default by Principal under the Contract; and
4.
Performs the guarantee of all work and materials furnished under the Contract for the time specified in the Contract, then this bond is void; otherwise, it remains in full force.
Any claims made against this bond shall be made in accordance with the notice and time limitations specified in Section 255.05(2), Florida Statutes.
Any changes in or under the Contract Documents and compliance or noncompliance with any formalities connected with the Contract or the changes do not affect surety's obligation under this bond.
Venue for any litigation resulting from this bond shall be Walton County, Florida.
Signed and sealed this ____ day of __________________, 2025.
ATTEST: PRINCIPAL
By:__________________________
By: ____________________ (SEAL)
[PRINT NAME & TITLE]
ATTEST: SURETY
By:__________________________
By: _________________________
[PRINT NAME & TITLE]
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File details come from the government source that posted it. Updated .